RBI Academy is a training institution set up by the Reserve Bank of India for imparting trainings on topics of relevance to Central Bankers, Regulators and Supervisors around the globe. The Academy has been offering flagship courses since 2016 with theoretical underpinnings on various subjects like Macroeconomics, Microeconomics, Corporate Finance, Statistics, Econometrics, Information Technology, Risk Management, Financial markets, Human Resource Analytics, Cyber Security, DSGE Modelling, Big Data etc. Rigorous courses on these topics are designed to strengthen the foundational concepts and build tools and techniques on them for applications in crucial central banking areas.
In today’s fast-changing landscape of financial ecosystem, central bankers need to be abreast with latest developments in the areas of financial stability, macro-prudential regulations, supervision etc. To that end, Reserve Bank of India (RBI) has a long history of working closely with other central banks, supra-national bodies and academic institutions around the world. RBI Academy aims at further strengthening these efforts in imparting specialised training for capacity building at central banks, in close cooperation with these institutions. The Academy is on the path of developing into a high-class training institution carrying out quality programmes covering relevant themes with a special focus on India. The Academy acts as a global forum where experts from central banks and regulatory authorities exchange views and discuss central bank policies, including macroprudential policy, monetary policy, and regulation and supervision of banks. The Academy's overall mission is to groom well-rounded central bankers through a process of continuous learning and development.
In the last three years of its existence, RBI Academy has done excellent work. I am confident that the Academy will continue to deliver such high-quality programmes in future too.
Chairperson of Academic Advisory Council and Deputy Governor, Reserve Bank of India
RBI Academy will be a world class institution imparting knowledge, fostering discussion and carrying out high end trainings on all issues concerning Central Banks across the globe. Programs conducted here would cover topics of relevance to Central Bankers, Regulators and Supervisors around the world with special focus initially on India.
To groom well rounded Central Bankers through a process of continuous learning and development.
The Logo of RBI Academy as depicted above shows a symbolic hand holding the RBI Logo and a flame rising around it. This is piercing a triangle which is gradually fading towards the far end.
The triangle depicts the pyramid of uncertainty and the unknown. The Academy is depicted to be piercing the triangle and surging ahead with the flame of knowledge.
RBI Academy has engaged with faculties from leading educational institutions like IIMs, IITs, ISI Delhi, Delhi School of Economics, South Asian University, Shri Ram College of Commerce to conduct specialised and tailormade training programmes for our officers. The Academy has also partnered with organizations like Federal Reserve, IMF SARTTAC, ISACA, Oliver Wyman, etc. to offer highly customized functional training programmes.
During the year, the Academy conducted 15 training programs in its five core verticals for 409 participants from the Bank, Commercial banks, Other Central Banks and related institutions.Cluster wise training programme conducted by RBI Academy in 2018-19
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Dr. Ghate is Professor, Economics and Planning Unit at Indian Statistical Institute, New Delhi. He is also a member of Monetary Policy Committee, RBI. He is an applied macroeconomist with a research focus on economic fluctuations and growth. He is a recipient of the 2014 Mahalanobis Memorial Gold Medal in Economics awarded by the Indian Econometric Society (TIES).
Dr. Phatak is Professor, Department of CSE at Indian Institute of Technology, Bombay. He was the founding head of the Kanwal Rekhi School of IT from 1998 to 2002. His primary research inclinations are in Technology application and deployment. In 2013, he was conferred the Padma Shri award by the Government of India, for his services in Science and Technology.
Dr. Sarda was Professor in the Department of Computer Science and Engineering at Indian Institute of Technology, Bombay. He is presently a Visiting Professor in Computer Science and Engineering Department at IIT Dharwad. His main research interests are in the areas of Database Systems and Software Engineering. He is on Technical Advisory committees of National Payments Corporation of India (NPCI), NSE (National Stock Exchange), National Securities Depository Limited (NSDL), among others.
K. Ramkumar is the founder of Leadership Centre. He retired as the Executive Director on the Board of ICICI Bank. Prior to his retirement he was the President of ICICI Foundation, ICICI Groups CSR arm. He was on the Boards of ICICI Prudential Life Insurance and ICICI Ventures.
Dr. Subramanian is currently Chief Economic Adviser to the Government of India. He is Professor of Finance at Indian School of Business, Hyderabad. He has worked in expert committees for Securities and Exchange Board of India and the Reserve Bank of India, being part of major economic and corporate reforms in India. His research in banking, law and finance, innovation and economic growth, and corporate governance has been published in top international journals.
Nandkumar Saravade is currently working as CEO, Reserve Bank Information Technology Pvt Ltd (ReBIT). He also served in the Central Bureau of Investigation (CBI) for seven years. He was awarded the Indian Police Medal for Distinguished Services in 2003.He has served on several technical advisory bodies of the Reserve Bank of India (RBI), the Cyber Security Project of Government of Maharashtra and Technology Information, Forecasting and Assessment Council (TIFAC) of Government of India.
Dr. Ghosh is Professor in the Decision Sciences Area at Indian Institute of Management, Bangalore. He is a visiting faculty at several institutes of international repute. Government of India awarded him the prestigious CR Rao award in 2015 and Econometric Society awarded him the Mahalanobis Award in 2016
Dr. Ram Mohan is Professor of Finance & Economics at Indian Institute of Management, Ahmedabad. His research interests are in the areas of banking, privatization and fiscal policy. He has authored six books, several papers and articles in the media and presented papers at numerous international conferences. He has served on several committees of RBI, including the committee that formulated the Base Rate, and on the Primary Markets Advisory Committee of SEBI.
RBI Academy follows blended delivery model with a judicious mix of classroom sessions, hands-on exercises, group assignments, ecourse modules, course readings etc. The courseware includes journal articles, text book references, case studies and spreadsheet tools. Each 5-day programme typically requires 35-40 hours of intensive study to successfully complete the course.
The Academy believes in assessing the course delivery and participant assimilation through two levels of assessments. The Course is assessed through participant's feedback collected online while the participant's assessment is done through comprehensive continuous method comprising Class Participation and Class Notes, Group Assignment, Case Studies and Exit Test.
The training venue has state of the art infrastructure which facilitates teaching-learning process. The classrooms are equipped with modern age amenities like wi-fi, projector and Audio Visual System. The venue has real time interactive video conferencing facility and a full-fledged cafeteria for the catering needs.